Market dynamics

Coal, Chinese imports could plummet

by Port News Editorial Staff

In 2021, China’s coal imports are likely to drop by 15% compared to the previous year, to 258 million tonnes.

This is the forecast the general manager of Fenwei Digital Information Technology Co, Feng Dongbin gave during the Coaltrans Conference.

Demand for thermal coal, the type of coal used to produce electricity and heat, could fall by 12%, to 203 million tonnes, while 55 million tonnes of cooking coal are expected to be imported, 24% less than in 2020.

In the first two months of the year, total coal imports fell by 40% to 41 million tonnes, which included 35 million tonnes of thermal coal (-34%).

Translation by Giles Foster

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